North Dakota Opportunity Fund helps Creative Elements transition to new ownership

A long-time employee is now a small business owner, thanks to financing assistance from the North Dakota Opportunity Fund.

Creative Elements has been  providing hair, beauty, skin care, and spa services in Williston for more than 15 years.

For more than ten of those years, esthetician Shandi Jeannotte has been serving Creative Elements customers. When the former owner wanted to retire and sell the business, Jeannotte worked with American State Bank & Trust in Williston, along with the NDOF, to help Jeannotte finance the purchase the business, now located at 703 Main Street in Williston.

“Working with American State Bank and Trust was nothing less than a great experience. Through the bank, I was able to take advantage of the financial opportunities that were available through the North Dakota Opportunity Fund and Lewis and Clark Development Group,” says Jeannotte. “They believed in me and made this possible.”

Creative Elements employees five independent hair stylists, two estheticians, one nail specialist, and one massage therapist. The professionals offer a full range of hair services, manicures, pedicures, facials, waxing, spa, and related services.

LCD Group Commercial Lending Director Matt Burthold says Creative Elements is yet another NDOF success story in Williston.

“Creative Elements is one of several small businesses the North Dakota Opportunity Fund has been able to help over the years in northwestern North Dakota. We have a solid relationship with many lenders in the Williston region, which is having a positive impact on the region’s economy,” says Burthold.

In the last three years, the North Dakota Opportunity Fund has provided financing in the Williston area to Prizm Dance Company, Senor Egg restaurant, Integrity Auto & Diesel RepairBusy Bees Hot Oil IncorporatedPronghorn Well ServicePlayWorks Individual and Family TherapyBud’s R&RNova Energy, and Everything Safety.

Put the North Dakota Opportunity Fund to Work For Your Small Business

Williston is one of 38 municipalities that participates in the North Dakota Opportunity Fund. Since 2012, the North Dakota Opportunity Fund has disbursed $29.9 million in loan proceeds.

LCD Group manages the fund, which leverages private financing to help small businesses and manufacturers attain needed funds and investments to expand and create jobs. 

Click here for more information about the North Dakota Opportunity Fund and contact Matt Burthold at (701) 667-7601 or at matt@lcdgroup.org.